Life Time Group Holdings, Inc. (NYSE:LTH) Stock Holdings Lifted by Peregrine Asset Advisers Inc.

Peregrine Asset Advisers Inc. boosted its holdings in Life Time Group Holdings, Inc. (NYSE:LTH) by 15.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 298,929 shares of the company’s stock after buying an additional 40,678 shares during the period. Life Time Group accounts for approximately 2.4% of Peregrine Asset Advisers Inc.’s holdings, making the stock its 8th biggest position. Peregrine Asset Advisers Inc. owned about 0.14% of Life Time Group worth $6,612,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Handelsbanken Fonder AB boosted its stake in Life Time Group by 6.4% in the 4th quarter. Handelsbanken Fonder AB now owns 18,400 shares of the company’s stock worth $407,000 after purchasing an additional 1,100 shares during the period. New York State Common Retirement Fund boosted its position in shares of Life Time Group by 20.2% during the fourth quarter. New York State Common Retirement Fund now owns 436,022 shares of the company’s stock worth $9,645,000 after acquiring an additional 73,371 shares during the last quarter. Braun Stacey Associates Inc. grew its stake in Life Time Group by 2.0% during the fourth quarter. Braun Stacey Associates Inc. now owns 867,132 shares of the company’s stock valued at $19,181,000 after acquiring an additional 17,340 shares in the last quarter. Truist Financial Corp bought a new stake in Life Time Group in the 4th quarter valued at $507,000. Finally, Nkcfo LLC bought a new stake in Life Time Group in the 4th quarter valued at $664,000. 79.40% of the stock is owned by institutional investors.

Insider Activity at Life Time Group

In other news, EVP Ritadhwaja Jebens Singh sold 48,596 shares of the business’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $28.00, for a total value of $1,360,688.00. Following the completion of the sale, the executive vice president now owns 143,030 shares in the company, valued at approximately $4,004,840. The trade was a 25.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Erik Weaver sold 1,741 shares of Life Time Group stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $29.62, for a total transaction of $51,568.42. Following the transaction, the chief financial officer now directly owns 96,361 shares in the company, valued at approximately $2,854,212.82. The trade was a 1.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 82,147 shares of company stock worth $2,241,556. Company insiders own 12.50% of the company’s stock.

Life Time Group Stock Down 3.1 %

Shares of LTH opened at $31.60 on Friday. The firm has a fifty day moving average price of $26.67 and a 200-day moving average price of $25.00. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $6.54 billion, a P/E ratio of 45.79, a P/E/G ratio of 0.82 and a beta of 1.94. Life Time Group Holdings, Inc. has a 12-month low of $11.89 and a 12-month high of $33.64.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Evercore ISI assumed coverage on Life Time Group in a research report on Friday, November 22nd. They issued an “outperform” rating and a $29.00 target price on the stock. Craig Hallum raised their target price on shares of Life Time Group from $33.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Oppenheimer upped their price target on shares of Life Time Group from $33.00 to $43.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Northland Securities lifted their price objective on shares of Life Time Group from $29.00 to $31.50 and gave the stock an “outperform” rating in a research note on Friday, January 17th. Finally, Wells Fargo & Company boosted their target price on shares of Life Time Group from $26.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, January 17th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Life Time Group presently has a consensus rating of “Moderate Buy” and an average target price of $31.77.

Life Time Group Profile

Life Time Group Holdings, Inc provides health, fitness, and wellness experiences to a community of individual members in the United States and Canada. It primarily engages in designing, building, and operating of sports and athletic, professional fitness, family recreation, and spa centers in a resort-like environment, principally in suburban and urban locations of metropolitan areas.